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Press Release

FlyDubai Places $700 Million Order for CFM56-7B Engines

July 14, 2008

FARNBOROUGH, England --- July 14, 2008 --- The Dubai government's new low-cost carrier, FlyDubai, has ordered 50 CFM56-7B-powered Boeing Next-Generation 737-800 and 737-900 aircraft. The engine order is valued at nearly $700 million U.S. at list price. The airline will begin taking delivery in 2009 and is scheduled to have all 50 aircraft operating by 2016.

The CFM56-7B is a product of CFM International (CFM), a 50/50 joint company between Snecma (SAFRAN Group) and General Electric Company.


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Press Release

GE Reports Second Quarter 2008 EPS of $.54;Revenues of $46.9 billion, up 11%;Global Revenues of $25 billion, up 24%;Orders of $27 billion, up 8%;Infrastructure Segment Profit of $3.2 billion, up 24%

July 11, 2008
Press Release

GE Money Home Lending appoints Chief Risk Officer

July 09, 2008

GE Money Home Lending, one of the UK's leading specialist lenders, has appointed Ian Wilson as its new Chief Risk Officer (CRO), reporting to CEO Colin Shave.

Ian has a wealth of UK banking experience and 15 years credit risk experience. He joins GE Money from Santander Group where he held the position of Managing Director, Abbey Business. Prior to Abbey Ian worked for RBS, holding key positions including Director Credit Risk, Retail Banking -as well as a period at Ernst & Young as a Senior Consultant in Retail Banking.


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GE Scholarship Programme For Outstanding UK Undergraduates Enters Fifth Year

July 04, 2008

Since 2004, GE has provided leadership development opportunities and financial assistance to more than 70 university students in the UK

LONDON, 4 July 2008 -- Today, at a ceremony in central London, fifteen more UK undergraduates from five universities will become GE Foundation Scholar Leaders, awarded in recognition of their academic excellence and future leadership potential.


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Don't just view equity negatively ...

July 02, 2008
  • A 'typical' homeowner who bought as recently as 2004 has an average "equity cushion" of 48% - prices would need to fall by almost half before value of the loan exceeded property value*
  • Average home bought in 2000 with average deposit of £27K has provided a 58% buffer, based on today's prices
  • The average London property purchased in 1995 would need to depreciate by three quarters (73%) for the owner to encounter negative equity



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Competitive advantage for companies offering consumer finance options

July 01, 2008
  • UK home improvements market worth £42 billion annually, with average household spending running at £1721.20
  • 85% of companies servicing the home improvements marketplace do not currently offer consumer finance options to their customers
  • Financial providers' longevity and experience in the marketplace are ranked amongst the most important criteria by companies considering a financial services partner



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Local MP Praises GE Money Volunteers

November 29, 2007

Ø Watford-based employer sends team of volunteers to work with hospital employees in assessing the administration process in Dermatology.

Ø As a result potentially up to two weeks could be knocked off the Dermatology administration process - reducing patient waiting times.

Ø The GE 'Lean' management tool implemented to enhance the patient experience at the local community hospital.


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Freightliner Group Orders 30 Locomotives From GE -- Transportation for UK Market

November 26, 2007

Erie, Penn., Nov. 26, 2007 -- GE - Transportation, a unit of General Electric Company (NYSE: GE), received an order for 30 freight locomotives from UK-based Freightliner Group Ltd the company announced today. The purchase represents the largest order of freight locomotives in Freightliner's history.


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